Posts

8 Ways to Increase Cash Flow from Real Estate Portfolio
I work exclusively with
real estate investors and real estate agents.
We all believe that
real estate investing is a long-term investment vehicle.
Most of us start by
refinancing our own home, pull out some equity (borrow against our…

The HST Risk Hiding in Converting Commercial to Residential Units
Do you feel a bit
chilly these days?
It's last week of
August and we're already at the low twenties.
Robin, my older kid,
is counting down her days to start her Senior Kindergarten year. I hope she would still look forward…

How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years
We're up north with
the kids this week.
My best friend,
Monica, shared with me how great her experience with the YMCA Pine Crest family
camp was, Erwin & I decided to sign up.
We barely made the
cut, as there're only limited spots…

4 Shocking Tax Mistakes Killing Your Real Estate Investments
Rich Dad Poor Dad is the legendary book that got both Erwin and me started in the journey of real estate investing.
So, when my mother-in-law attended a Rich
Dad Poor Dad workshop in Hong Kong recently, I was surprised.
In…

5 Factors to Decide your Real Estate Investment Strategy
Happy belated
Mother's Day to all the mommies out there.
We're Chinese. We celebrated with dim sum brunch with all the Moms from my side of the family, followed by a feast at my aunt's place.
It was a lot of
fun. Of course, the Kawhi…

Here’s How to Keep More Money Even When Flips Went Wrong
My kids and I have a night time routine before they go to sleep.
As part of the routine, I ask them what they are thankful for every night before I put them down to sleep, hoping that this little habit will prepare them to be grateful for…

6 Tax Tips That Flippers or Renovators Should Not Miss
With the 1 million immigrants coming to Canada in the next 3 years (historically about 40% come to Ontario), it's almost inevitable that we'll have housing shortages and crazy rental increases.
It's basic economic principal – supply and…

The CRA's Recent Court Order on Real Estate Flipping
How did you spend your Thanksgiving this past weekend?
We spent the Saturday with a bunch of Superheroes delivering food baskets to 300 families at the Hamilton Basket Brigade .
Delivering to 300 families was no easy job. Normally, Erwin…

What Everybody Ought to Know about Property Flipping Taxation
CRA has audited and assessed 41 cases in flipping cases in BC from April 2015 to January 2016.
Only 13 of those cases were completed. A $750,000 gross negligence penalty had been imposed according to the article.
Gross negligence penalty…